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Ethereum: short positions fluctuate downward
2022-07-12
1612
Fundamental analysis:
Ethereum remained volatile around 1132. Bank of England governor Bailey said that cryptocurrency assets may have "external" value, and cryptocurrency assets have no "internal" value. People like to collect cryptocurrency and give it value. Unsecured cryptocurrency assets are "very risky", and there should be no trade-off between financial technology innovation and financial stability.
Ethereum ethusd - 4-hour K-line diagram display:
Technical analysis:
According to the 4-hour chart, the power of high short positions maintained a fluctuating downward trend, the short-term power downward trend was good, the MACD index maintained a fluctuating downward trend to hover near the 0 axis, and the RSI index was in a narrow range under the 50 equilibrium line;
Long short turning point: 1165
Pressing position: 1211, 1261
Support position: 1068, 1012
Trading strategy: bearish below 1165, targets 1068, 1012
Alternative strategies: bullish above 1165, goals 1211, 1261
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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